The Reserve Bank of New Zealand

Description: Test your knowledge on the Reserve Bank of New Zealand, the central bank of New Zealand.
Number of Questions: 15
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Tags: economics economic policymaking reserve bank of new zealand
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What is the primary objective of the Reserve Bank of New Zealand?

  1. To maintain price stability.

  2. To promote economic growth.

  3. To ensure financial stability.

  4. To manage the exchange rate.


Correct Option: A
Explanation:

The Reserve Bank of New Zealand's primary objective is to maintain price stability, which it achieves by keeping inflation low and stable.

What is the Reserve Bank of New Zealand's target inflation rate?

  1. 0%

  2. 1%

  3. 2%

  4. 3%


Correct Option: C
Explanation:

The Reserve Bank of New Zealand's target inflation rate is 2%, which it aims to achieve over the medium term.

What is the Reserve Bank of New Zealand's monetary policy instrument?

  1. Open market operations

  2. Reserve requirements

  3. Discount rate

  4. All of the above


Correct Option: D
Explanation:

The Reserve Bank of New Zealand uses a combination of open market operations, reserve requirements, and the discount rate to implement its monetary policy.

What is the Reserve Bank of New Zealand's role in the financial system?

  1. To regulate banks and other financial institutions.

  2. To provide financial stability.

  3. To promote competition in the financial system.

  4. All of the above


Correct Option: D
Explanation:

The Reserve Bank of New Zealand has a range of responsibilities in the financial system, including regulating banks and other financial institutions, providing financial stability, and promoting competition.

What is the Reserve Bank of New Zealand's role in the foreign exchange market?

  1. To intervene in the foreign exchange market to stabilize the New Zealand dollar.

  2. To manage the New Zealand dollar's exchange rate against other currencies.

  3. To promote orderly conditions in the foreign exchange market.

  4. All of the above


Correct Option: D
Explanation:

The Reserve Bank of New Zealand has a range of responsibilities in the foreign exchange market, including intervening to stabilize the New Zealand dollar, managing its exchange rate against other currencies, and promoting orderly conditions.

Who is the current Governor of the Reserve Bank of New Zealand?

  1. Adrian Orr

  2. Grant Spencer

  3. Geoff Bascand

  4. John McDermott


Correct Option: A
Explanation:

Adrian Orr is the current Governor of the Reserve Bank of New Zealand.

When was the Reserve Bank of New Zealand established?

  1. 1934

  2. 1964

  3. 1984

  4. 2004


Correct Option: A
Explanation:

The Reserve Bank of New Zealand was established in 1934.

What is the Reserve Bank of New Zealand's head office located?

  1. Wellington

  2. Auckland

  3. Christchurch

  4. Dunedin


Correct Option: A
Explanation:

The Reserve Bank of New Zealand's head office is located in Wellington.

How many employees does the Reserve Bank of New Zealand have?

  1. 500

  2. 1,000

  3. 1,500

  4. 2,000


Correct Option: B
Explanation:

The Reserve Bank of New Zealand has approximately 1,000 employees.

What is the Reserve Bank of New Zealand's annual budget?

  1. $100 million

  2. $200 million

  3. $300 million

  4. $400 million


Correct Option: B
Explanation:

The Reserve Bank of New Zealand's annual budget is approximately $200 million.

What is the Reserve Bank of New Zealand's website?


Correct Option: A
Explanation:

The Reserve Bank of New Zealand's website is www.rbnz.govt.nz.

What is the Reserve Bank of New Zealand's social media presence?

  1. Twitter, Facebook, and LinkedIn

  2. Twitter and Facebook

  3. Facebook and LinkedIn

  4. Twitter and LinkedIn


Correct Option: A
Explanation:

The Reserve Bank of New Zealand has a presence on Twitter, Facebook, and LinkedIn.

What is the Reserve Bank of New Zealand's email address?


Correct Option: B
Explanation:

The Reserve Bank of New Zealand's email address is [email protected].

What is the Reserve Bank of New Zealand's phone number?

  1. 04 471 3678

  2. 09 309 3999

  3. 03 374 3850

  4. 07 838 8388


Correct Option: B
Explanation:

The Reserve Bank of New Zealand's phone number is 09 309 3999.

What is the Reserve Bank of New Zealand's fax number?

  1. 04 471 3679

  2. 09 309 3998

  3. 03 374 3851

  4. 07 838 8389


Correct Option: B
Explanation:

The Reserve Bank of New Zealand's fax number is 09 309 3998.

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